The anticipation for the Spot Bitcoin ETF approval is reaching a climax as exchanges begin issuing certificates necessary for ETF trading, signaling widespread belief in the imminent approval by the SEC. With the final steps being taken just hours before the official announcement, the market is poised for a significant development.
Reports from Bloomberg’s James and Eric highlight the recent filings as requests for acceleration rather than confirmation of approval, indicating an eagerness to list but clarifying that this is not the final endorsement. The market is cautioned to interpret these moves correctly, as they represent a step towards listing but not the SEC’s final word.
The filings suggest that exchanges are preparing for same-day trading, which is expected to be ready by Thursday. The early timing of these filings, ahead of the anticipated schedule, has been noted but is not seen as an issue, with ARK Investments often leading such initiatives.
The financial community is closely watching for the SEC’s decision, which is due to be announced in the coming hours. The outcome could potentially pave the way for Spot Bitcoin ETFs to be traded on exchanges, marking a significant moment in cryptocurrency market history.
Investors and market participants are advised to “buckle up” as the final step in the S-1 event unfolds, signaling readiness for a potential surge in activity following the SEC’s announcement, which is eagerly awaited by the crypto community.